Rhodes Sheri 4

What Happened
Sheri Rhodes, a director of FormFactor, Inc. (FORM), received an award of 1,347 restricted stock units (RSUs) on May 15, 2026. The transaction is reported as an award/grant (code A) with an acquisition price of $0.00, i.e., the RSUs were granted as compensation rather than purchased with cash.

Key Details

• Transaction date: May 15, 2026; Form 4 filed May 19, 2026 (timely filed).
• Transaction type/code: Award/Grant (A).
• Shares/units granted: 1,347 RSUs; reported acquisition price $0.00.
• Shares owned after transaction: not specified in the filing.
• Vesting and forfeiture: RSUs vest monthly and become exercisable on the earlier of the 2027 Annual Meeting of Stockholders and May 15, 2027; unvested RSUs are forfeited if Rhodes ceases to provide services except as may be allowed under the company’s Equity Grant Policy and any applicable agreements (Footnotes F1–F3).
• Filing/other notes: This is a compensation grant to a director (routine director compensation), not an open-market purchase or sale.

Context
RSUs are a form of equity compensation that typically convert into shares only after vesting; they do not represent an immediate market purchase or sale. Such grants are commonly used to compensate directors for service and do not by themselves signal a buy or sell decision by the insider.